Balance Sheet is a snapshot of a business at A POINT of Time. At a particular date, usually financial year-end date, all the assets and liabilities are counted and presented as a statement. This gives the overall picture of a company. Why read balance sheet? What Do I care about that company? If you are an investor in that company then yes you HAVE to care otherwise NO.
Balance sheet is divided in 2 parts.
Copied from UpashiBoka's Article ....
Article in Today's Wall Street Journal.
(All copyrights acknowledged)
In India, a Job Paradox
Despite Economic Surge,
Still Lack Steady Pay
By JOANNA SLATER
Staff Reporter of THE WALL STREET JOURNAL
May 5, 2004; Page A12
BHIWANDI, India -- As India faces criticism for luring white-collar jobs away from the U.S., what is sometimes lost is the larger challenge for India: Generating enough work for its own citizens.